Previous Trading Days Events 26 Feb 2024

Bitcoin jumped surprisingly yesterday, 26th Feb, surpassing the 56,000 USD benchmark. The Crypto market saw huge gains as all Crypto with the highest market cap moved to the upside.

The gains came on the back of MicroStrategy disclosing another large purchase of about 3,000 bitcoins for 155 million.

Recent analysis shows that there is a surge of funds into bitcoin ETFs. another factor that explains the bullish phenomenon is the upcoming halving event

Source

httpswww.cnbc.com20240227bitcoinsurpasses56000benchmarkinlatestrally.html

Winners vs Losers

EURUSD is on the top with 0.27 gains for this week as the dollar has weakened significantly in the last few days. EURJPY remains on the top of the months winners with 2.80 gains as the JPY weakens further.

News Reports Monitor Previous Trading Day 23 Feb 2024

Server Time Timezone EEST UTC 0200

Midnight Night Session Asian

No important announcements, no special scheduled releases.

Morning Day Session European and N. American Session

No important announcements, no special scheduled releases.

General Verdict

Volatility in the FX market remained at moderate levels with the dollar being affected negatively. The dollar index closed lower yesterday.
Gold moved to the upside.
Crude oil reversed from a sharp drop.
U.S. indices experienced moderate volatility, especially after the exchange opening, however remained stable.

FOREX MARKETS MONITOR

EURUSD…